Lead Bank Budgam conducts financial literacy camps in unbanked, remote villages
Financial literacy cum awareness camp held by RBI at Leh for ITBP personnel
Srinagar, Aug 05: Financial literacy & credit counseling camps were organized across length & breadth of district budgam during the month of july 2018 under the aegis of lead district office Budgam headed by Lead District Manager Ajaz Ahmad along with FLCC Budgam Zaffar Ahmad Makhdoomi and team.
Main thrust was given to the remote & unbanked villages of the district where the people were educated about different employment generation schemes of banks to improve the financial conditions of the financially downtrodden people of the district. Special emphasis was laid on unemployed youth who were apprised about the government sponsored schemes & bank specific schemes to to get themselves self-employed and generate sustained income for themselves.
A new concept about the awareness in the unbanked villages of district Budgam was conducted in which experts from various line departments were involved in awareness camps who educated and motivated people to avail benefits from the schemes of the respective departments. Besides, skilled and non skilled people were segregated .The skilled section who were ready to avail the benefits of the facilities provided by central and state government were credit linked on spot and number of unskilled people were motivated to get involved in their economic development and were selected on spot for different skill trainings. They would be linked to credit facilities later.
Students were educated regarding loans and advances offered by the banks for pursuing higher studies & career building as also provision for loans to undergo coaching classes for professional courses is also available within the banks .special session were held to inform the participants about the digital banking and its benefits with special mention about the precautions to be taken while using digital platform for transactions. The people were informed about prime minister jandhan yojna prime ministers Jeevan Jyoti Beema Yojna; prime ministers Suraksha Bheema Yojna ; Atal Pension Yojna ; Pradhan MantrI Rozgar yojna etc .The unbanked areas of the blocks khag ,waterhail,pakherpora,sukhnag were covered in mass awareness.
Meanwhile Reserve Bank of India (RBI), Jammu conducted “Field Level Financial Literacy Event” for the Officers and Jawans of ITBP at its Sector Headquarters, Leh, Ladakh on August 3. The event presided by J.P.Yadav, DIG, ITBP, Ladakh Sector was also attended by Thomas Mathew, Regional Director for Jammu and Kashmir, Reserve Bank of India, Jammu; A. K. Mattu, General Manager, RBI, Jammu, Mohinder Bassan, Regional Manager, SBI and a large gathering of Officers and Jawans from various battalions of ITBP.
Extending a warm welcome to the brave Jawans and officers, Mattu explained the background of these outreach activities focussing Financial Literacy by RBI. He stated that RBI in its endeavour to create awareness among the people and especially for the vulnerable sections of the society has organized this event with the aim of equipping the defence personnel with the required information about various banking products, consumer protection matters, grievance redressal mechanism available to the banking customers to empower them so that they could take informed decisions. He gave a brief outline of the flow of the programme and requested all the participants to take advantage of the information being provided in the programme.
Thomas Mathew, Regional Director, RBI in his initial remarks stated that the literacy efforts of the RBI and Government held promise for creating an overall atmosphere about appropriate use of banking services and products, safe digital transactions and the need to stay away from the lure of fake and fictitious lottery/cheap money transfer offers. He thanked the ITBP establishment for providing the opportunity to RBI to share the desired inputs with the participants. He suggested that the participants should ask questions during the question answer session and requested the bankers to offer clarifications / appropriate replies. He further stated that awareness and knowledge was essential for removal of economic disparities between different regions and classes of people.
In his opening remarks J. P. Yadav, DIG, ITBP thanked RBI for choosing their establishment for such an informative and content rich event and hoped that these events will help their personnel seek appropriate remedies / redressal to their difficulties.
Various functions of RBI as banker to banks, banker to government, monetary authority, custodian of forex reserves of the nation, banking ombudsman scheme, acceptance of deposits by unincorporated bodies, eKYC, Know your Liability etc. and other topics were covered in a presentation by Anil Reshi, Manager, RBI, Jammu. Later a financial literacy quiz was organized for the participants which saw active involvement of the participants. Prizes were also given away to the winners by Shri Baljinder Singh, Commandant, Sector Headquarters, Thomas Mathew and A.K.Mattu.
The entire proceedings were summed up by Shri Ravi Kant Gautam, in his concluding remarks and vote of thanks.
Kashmir Images is an English language daily newspaper published from Srinagar (J&K), India. The newspaper is one of the largest circulated English dailies of Kashmir and its hard copies reach every nook and corner of Kashmir Valley besides Jammu and Ladakh region.